LinkedIn Corp. (NASDAQ:LNKD)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Monday, American Banking News.com reports. They currently have a $231.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 5.05% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Monday. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of LinkedIn Corp. from $270.00 to $285.00 in a research note to investors on Wednesday, October 30th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of LinkedIn Corp. from $259.00 to $275.00 in a research note to investors on Wednesday, October 30th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. LinkedIn Corp. presently has a consensus rating of “Hold” and an average price target of $240.97.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $241.19, for a total value of $964,760.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
LinkedIn Corp. (NASDAQ:LNKD) traded up 0.74% during mid-day trading on Monday, hitting $221.52. The stock had a trading volume of 1,689,019 shares. LinkedIn Corp. has a 52-week low of $94.75 and a 52-week high of $257.56. The stock’s 50-day moving average is $240. and its 200-day moving average is $209.5. The company has a market cap of $26.450 billion and a P/E ratio of 990.54.
LinkedIn Corp. (NASDAQ:LNKD) last announced its earnings results on Tuesday, October 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter last year, the company posted $0.22 earnings per share. LinkedIn Corp.’s revenue was up 56.0% compared to the same quarter last year. Analysts expect that LinkedIn Corp. will post $1.60 EPS for the current fiscal year.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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